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CBAK Energy Technology, Inc. CBAT Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Leased Assets Net

Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Leased Assets Net at other companies

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Other financials

Income statement

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Revenue$69.6M+99.3%
Gross profit$1.0M-78.3%
Operating income-$9.7M-239%
Net income-$9.3M-488%
EPS (diluted)-$0.10-400%

Balance sheet

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Cash & equivalents$98.6M+107%
Total debt$88.1M+32.8%
Total equity$105.2M-12.9%
Total assets$491.0M+57.6%

Cash flow

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Operating cash flow$22.3M+332%
CapEx$11.8M-7.1%
Free cash flow$10.5M+147%

Valuation

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Market cap$52.44M-52.2%
Enterprise value$41.9M-74.5%
P/S0.2×-0.5×

Profitability

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Gross margin6.4%-11.8pp
Operating margin-11%
Net margin-7.4%
FCF margin0.4%-5.3pp

Returns & leverage

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Return on equity-15.1%
Debt / equity0.8×+0.3×
Current ratio0.6×-0.2×

Where this comes from

Reported directly by CBAK Energy Technology, Inc. in its filing.

Tagged under the XBRL concept cbat:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLeasedAssetsNet.

The official record: CBAK Energy Technology, Inc.’s 10-Q, filed November 9, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is CBAK Energy Technology, Inc.'s business combination recognized identifiable assets acquired and liabilities assumed leased assets net?
CBAK Energy Technology, Inc. (CBAT) reported business combination recognized identifiable assets acquired and liabilities assumed leased assets net of $48.39K in Q3 2023.
What does business combination recognized identifiable assets acquired and liabilities assumed leased assets net mean?
The net value of leased assets recognized upon the acquisition of a business, reflecting the right-of-use assets acquired. This accounts for the present value of lease obligations assumed as part of the transaction. It is vital for understanding the off-balance sheet commitments brought into the company.